Trump administration reportedly dismissed 12 senior Fannie Mae officials
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The Trump administration dismissed 12 senior staff from mortgage giant Fannie Mae on Wednesday, according to an official familiar with the matter. Some positions were eliminated due to increasing artificial intelligence capability, and all departures were involuntary. The Federal Housing Finance Agency, which oversees Fannie Mae, did not immediately respond to a request for comment.
Key Facts
- The Trump administration dismissed 12 senior staff from Fannie Mae on Wednesday, according to an official familiar with the matter.
- Some positions were eliminated due to the increasing capability of artificial intelligence, and all departures were involuntary.
- The Federal Housing Finance Agency, led by Bill Pulte, oversees Fannie Mae and Freddie Mac.
- Trump said in June that a public offering of shares in Fannie Mae and Freddie Mac was still under consideration but there was no rush.
Dismissals at Fannie Mae
The Trump administration dismissed a dozen senior staff from mortgage giant Fannie Mae this week, according to an official familiar with the matter. The 12 positions were eliminated Wednesday, according to the official, speaking on condition of anonymity to describe the action. Some of the jobs were eliminated due to the increasing capability of artificial intelligence and the departures were all involuntary, the official said. It wasn't immediately clear which positions were affected and whether the changes represented a shift in strategy for the mortgage agency.
Oversight and Leadership
The Federal Housing Finance Agency, which oversees Fannie Mae and its counterpart, Freddie Mac, didn't immediately reply to a request for comment. FHFA is led by Bill Pulte, a construction heir and Trump loyalist who briefly served as the acting director of national intelligence earlier this year after DNI chief Tulsi Gabbard announced her departure. Pulte used his time in the role to shrink the Office of the Director of National Intelligence, partly through firings.
Potential Public Offering
Trump has long mused about a public offering of shares in Fannie Mae and Freddie Mac, though it's not clear yet whether he will proceed. He said in June that it was still under consideration but that there was no rush.
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Trump administration reportedly dismissed 12 senior Fannie Mae officials
